DUONG VU COMPANY LIMITED (CÔNG TY TNHH DƯƠNG VŨ), established in 2008 and based in Long An Province, is a privately held enterprise engaged primarily in the milling and export of rice and related agricultural products. The company has shown remarkable growth in sales, reporting a dramatic increase to USD 220.98 million in 2023—more than double the revenue of the previous year. This sharp jump in revenue indicates strong export performance or expanded market reach, signaling a bold commercial expansion strategy.

However, the impressive revenue masks underlying structural weaknesses. DUONG VU COMPANY LIMITED continues to operate with negative equity, standing at -9.86 million USD as of 2023. Despite growing sales, the company reported a net loss of USD 162,774, following previous years of even steeper losses. The firm’s working capital is also negative, which suggests ongoing liquidity constraints and a reliance on short-term liabilities to finance operations.

The company’s total assets have risen to over USD 30.7 million, yet profitability remains elusive. This could point to inefficient cost structures, debt servicing pressure, or operational inefficiencies that hinder net returns. With 300 employees and a director-led leadership structure under Mr. Nguyen Quang Hoa and Ms. Hoang Thi Tuyet, the company is attempting to balance aggressive growth with internal restructuring. Both major shareholders are based in Ho Chi Minh City, with Mr. Hoa holding 60% and Ms. Tuyet 40% of ownership.

DUONG VU’s legal operations include a broad range of registered activities beyond rice processing, including transportation, warehousing, fertilizer production, fuel wholesale, and even electric power generation. While diversification may provide resilience, the financial data implies the core business has not yet stabilized enough to absorb the risks of such wide-ranging ventures.

In short, DUONG VU COMPANY LIMITED is a company in motion—one that is growing rapidly in top-line revenue but still grappling with solvency and profitability. Stakeholders and partners should proceed with cautious optimism. For a full business verification and risk evaluation on DUONG VU COMPANY LIMITED or any other Vietnamese company, visit VANGUARD BUSINESS INFORMATION LLC (VBI).